In a previous article that we just published, we revealed that stablecoins gain more importance in the crypto space.

A lot of companies are turning to them as a payment alternative for Bitcoin and Ethereum. Gilded’s COO, Neal Roche said that the use of digital currency in B2B payments is changing as the stablecoins are making it easier to transition to the new tech for cross –border transactions.

2020 continues to be the year of the stablecoins.

USDT and USDC see massive increase in market cap

Tether (USDT) and Coinbase’s USD Coin (USDC) saw massive increases in the market cap back in April as crypto traders moved to stablecoins following the massive disaster from back in March which saw Bitcoin‘s price falling below $4,000.

16/. 🔴 USDT market cap is now nearly $8bln and grew 25% this month. Its price is trading structurally at a premium to US dollars indicating strong demand. pic.twitter.com/xgXdm1fNt5

17/. 🔴 Same picture with USDC which is marching towards $1bln in market cap. Stable coins seem to be one of the clear crypto beneficiaries of the COVID crisis as the world is forced to accelerate digital adoption. pic.twitter.com/AAtmOytrl6